NEW YORK: Marine Harvest recently selected Amber Road, a provider of global trade management solutions to monitor its worldwide trading partners.
This upgrade from manual to automated screening comes in light of increasingly tough trade regulations in Russia in particular, Amber Road said in a release.
“Amber Road provides a straight forward and fast solution to screen our customers and suppliers, providing the security that we don’t do business with anyone on a denied party list,” Johan Sorensen, manager of business systems at Marine Harvest, said. “Additionally, the US banks we work with require us to screen our suppliers and customers in order for us to make use of their financial services.”
Marine Harvest has a global network of suppliers, forwarders and customers totaling more than 100,000 trading partners worldwide, in 22 different countries.
Amber Road says its access to 300 restricted party lists from government institutions worldwide “were key factors in the decision.”
The company also provides a high degree of automation, with 24/7 monitoring of trading entities, meaning that Marine Harvest could dramatically upgrade its screening capabilities without adding manpower.
“Restricted party screening is a must for every company, not just those operating in industries with a high risk profile,” said Jim Preuninger, CEO of Amber Road. “Food companies, and indeed companies in every field, need to protect themselves by ensuring their full compliance with international trade restrictions.”
